Canon Virginia plans to invest $100 million in Newport News facility
Canon Virginia announced Wednesday plans to invest $100 million to expand its operation in Newport News.
Newport News-based Canon Virginia will add more printer cartridge production lines and increase its toner manufacturing and filling.
The company makes new Canon products and provides customer service in the repair and refurbishment of Canon cameras and office products. Canon Virginia also participates in research and development activities. It is a subsidiary of Canon USA Inc., whose parent company is Japan-based Canon Inc. In December, Gov. Terry McAuliffe met with Canon Inc. in Tokyo to discuss the project.
“An investment of this magnitude will further grow the impressive Newport News operation to increase production and secure its viability for years to come,” McAuliffe said in a statement.
McAuliffe approved a $3 million performance-based grant from the Virginia Investment Partnership program for the project. The Virginia Jobs Investment Program will provide funding and services for the firm’s employee training.